Investor's Dream in Prime Millbrook Location: Seize this rare opportunity to invest in a sprawling 26-acre property in the highly desirable Millbrook area, offering tremendous potential for substantial returns. This unique estate, rich in history and character, featuring a serene 1/2-acre spring fed Koi pond, and breathtaking views of the Shawangunk mountains, awaits your vision to restore it to its former glory. Constructed in 1920 as a single story dwelling, the residence underwent expansion in 1990, adding a 2nd story that now offers nearly 5000 sq. ft. of living space in total. The main level hosts a two-story living area with a striking floor-to-ceiling stone fireplace, ample windows filling it with natural light and french doors leading to a secluded patio. The open layout seamlessly transitions into the kitchen, featuring a sizable walk-in pantry, a laundry/mud room, a powder room, and direct access to the two-car garage and large deck. Enjoy a generously sized library ideal for a home office, and a first floor primary bedroom and bath. Ascend to the second floor loft which leads to three well-proportioned ensuite bedrooms. The property also includes a 1, 000 sq. ft. barn, originally an agricultural structure, converted into a dynamic office space in 1988, offering a unique opportunity for a home-based business venture. Outside, stone walls, perennial blooms, and mature trees adorn the landscape, creating an idyllic setting teeming with natural splendor. Nestled minutes away from the coveted Village of Millbrook and a short distance from the Taconic State Parkway, this property provides a tranquil retreat while remaining conveniently accessible to urban amenities. With its close proximity to NYC, only 90 miles away, this haven offers the perfect balance of rural serenity and metropolitan convenience. Invest in this distinctive property and unlock its full potential, whether as a luxurious private estate, a lucrative rental property, or a unique business venture. Additional Information: HeatingFuel: Oil Below Ground, ParkingFeatures: 2 Car Attached, ConstructionDescription: Cedar, Flooring: Carpet,
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $879,200 | $879,200 | $879,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,610 | $1,610 | $1,610 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,992 | $5,413 | $7,301 |
Total Monthly Payment | $6,727 | $7,148 | $9,036 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.